WisdomTree Gets SEC Nod to Enable Instant Settlement for Tokenized Money Market Fund
WisdomTree is introducing instant settlement for its tokenized money market fund, the WisdomTree Treasury Money Market Digital Fund (WTGXX), eliminating traditional settlement delays and reducing “cash drag.” The SEC granted exemptive relief allowing investors to trade WTGXX shares at a fixed $1 price throughout the day, regardless of net asset value, and approved the fund for use as instant, spendable digital cash. Round-the-clock trading and liquidity are enabled by additional FINRA approval for principal trading, with WTGXX shares also exchangeable for stablecoins. Dividend accrual continues uninterrupted, tracked via blockchain timestamps as the fund moves between wallets, ensuring ongoing yield for shareholders. As of this week, WTGXX holds a $730 million valuation across nine blockchains, including Ethereum and Solana, and targets a 3.5% annual yield, backed by U.S. Treasuries. The SEC’s approval highlights growing regulatory comfort with blockchain-based financial products, and WisdomTree views this as a significant advance for capital market infrastructure.
